Halbjahreszahlen von NAN HAI CORP

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NAN HAI CORP - Results Announcement

Nan Hai Corporation Limited announced on 21/09/2006:
(stock code: 00680 )
Year end date: 31/12/2006
Currency: HKD
Auditors\' Report: N/A
Interim report reviewed by: Audit Committee

(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2006 from 01/01/2005
to 30/06/2006 to 30/06/2005
Note (\'000 ) (\'000 )
Turnover : 302,873 480
Profit/(Loss) from Operations : 41,275 (9,880)
Finance cost : (21,359) (4,011)
Share of Profit/(Loss) of
Associates : 1,371 520
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (15,421) (13,371)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) 1 : (0.00023) (0.00045)
-Diluted (in dollars) 1 : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (15,421) (13,371)
Interim Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)

B/C Dates for
Interim Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period

B/C Dates for Other
Distribution : N/A

Remarks:


1. Loss per share

The calculation of basic loss per share is based on the net loss
attributable to equity holders of the Company for the period of
HK$15,421,000 (6 months ended 30 June 2005, restated: a loss of HK$13,371,000)
and on the weighted average number of 68,178,424,054 (6 months ended 30 June
2005: 29,931,804,183) ordinary shares in issue during the period.

Diluted loss per share for the period ended 30 June 2005 and 30 June 2006
was not presented because the impact on the conversion of the convertible
notes and exercise of share options was anti-dilutive respectively.


2. Comparative figures

Certain comparative figures have been adjusted to conform with changes in
presentation in the current period where necessary. The comparative
figures have been restated for the effect of initial adoption of HKAS 32
due to the update of the prevailing market interest rate for similar non-
convertible debts available in the preparation of the Group\'s financial
statements.


3. Adoption of new standards

The accounting policies adopted in the condensed financial statements are
consistent with those followed in the preparation of the Group\'s financial
statements for the year ended 31 December 2005. As described in the
annual financial statements for the year ended 31 December 2005, the
following new standards, amendments to standards and interpretations are
mandatory for financial year ending 31 December 2006:

HKAS 19 (Amendment) Employee Benefits - Actuarial Gains and
Losses, Group Plans and Disclosures
HKAS 21 (Amendment) The Effects of Changes in Foreign Exchange
Rates - Net Investment in a Foreign
Operation
HKAS 39 (Amendment) Cash Flow Hedge Accounting of Forecast
Intragroup Transactions
HKAS 39 (Amendment) The Fair Value Option
HKAS 39 and HKFRS 4
(Amendments) Financial Instruments: Recognition and
Measurement and Insurance Contracts -
Financial Guarantee Contracts
HKFRS 1 & HKFRS 6 (Amendments) First-time Adoption of Hong Kong Financial
Reporting Standards and Exploration for
and Evaluation of Mineral Resources
HKFRS 6 Exploration for and Evaluation of Mineral
Resources
HKFRS - Int 4 Determining whether an Arrangement
contains a Lease
HKFRS - Int 5 Rights to Interests Arising from
Decommissioning, Restoration and
Environmental Rehabilitation Funds
HK(IFRIC) - Int 6 Liabilities Arising from Participating in
a Specific Market - Waste Electrical and
Electronic Equipment

The Group has carried out an assessment of these standards, amendments and
interpretations and considered that they have no significant impact on
these interim financial statements.

The following new standards, amendments to standards and interpretations
have been issued but are not yet effective and have not been early
adopted. The directors of the Company anticipate that the adoption of the
standards and interpretations will not result in substantial changes to
the Group\'s accounting policies.

HKAS 1 (Amendment) Capital Disclosures 1
HKFRS 7 Financial Instruments: Disclosures 1
HK(IFRIC) - Int 7 Applying the Restatement Approach under
HKAS 29 "Financial Reporting in Hyperinflationary
Economies" 2
HK(IFRIC) - Int 8 Scope of HKFRS2 3
HK(IFRIC) - Int 9 Reassessment of Embedded Derivatives 4

1 Effective for annual periods beginning on or after 1 January 2007
2 Effective for annual periods beginning on or after 1 March 2006
3 Effective for annual periods beginning on or after 1 May 2006
4 Effective for annual periods beginning on or after 1 June 2006